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Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Loans Payable $ 36,000,000 $ 38,250,000
Current assets:    
Cash and cash equivalents 4,604,000 1,856,000
Accounts receivable, net 21,582,000 32,424,000
Inventory, Net 16,225,000 21,682,000
Income Taxes Receivable 6,870,000 652,000
Prepaid expenses and other current assets 2,248,000 4,611,000
Total current assets 51,529,000 61,225,000
Operating Lease, Right-of-Use Asset 3,832,000 4,484,000
Property, Plant and Equipment, Net 76,528,000 79,206,000
Goodwill 17,376,000 17,376,000
Intangible Assets, Net (Excluding Goodwill) 12,490,000 13,464,000
Other Assets, Noncurrent 3,363,000 3,551,000
Total Assets 165,118,000 179,306,000
Current liabilities:    
Revolving line of credit 0 12,008,000
Current portion of long-term debt 35,360,000 49,451,000
Accounts payable 11,955,000 19,910,000
Contract with Customer, Liability, Current 3,078,000 3,698,000
Accrued liabilities:    
Compensation and related benefits 6,508,000 5,515,000
Other 6,973,000 5,260,000
Total current liabilities 63,874,000 83,834,000
Long-term Debt, Excluding Current Maturities 135,000 0
Other Liabilities, Noncurrent 3,703,000 3,119,000
Post retirement benefits liability 7,954,000 7,927,000
Total Liabilities 75,666,000 94,880,000
Stockholders' Equity:    
Preferred stock — $0.01 par value, authorized shares — 10,000,000; no shares outstanding at June 30, 2020 and December 31, 2019 0 0
Common stock — $0.01 par value, authorized shares – 20,000,000; outstanding shares: 7,965,289 at June 30, 2020 and 7,877,945 December 31, 2019 80,000 79,000
Paid-in capital 35,476,000 34,772,000
Accumulated other comprehensive income, net of income taxes 2,000 1,370,000
Treasury stock (28,501,000) (28,501,000)
Retained earnings 82,395,000 76,706,000
Total Stockholders' Equity 89,452,000 84,426,000
Total Liabilities and Stockholders' Equity 165,118,000 179,306,000
Commitments and Contingencies $ 0 $ 0